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Sold STC

The Holmes, Littleport, Ely, Cambridgeshire, CB6 1NH

Guide Price £775,000Freehold

Brochure

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2

Key Features

Estimated GDV of £3.35 million as at July 2024
Excellent development site on the outskirts of this popular village.
Full details available from East Cambridgeshire planning portal - (Ref 21/00297/FUL) or Bovingdons Limited
Full planning permission for 9 houses (5 detached and 4 semi-detached)
House designs by local Ely based architect. - mix of 2 ,3 and 4 bedrooms
More than £200,000 has already been spent on the site by the seller which is included in the sale price
Only 5 minute walk to the mainline rail station to Cambridge and London (Kings Cross)
Site is already cleared and some groundworks/footings have already been undertaken

Description

Excellent development opportunity in this popular village location. The site has full planning permission granted for 9 private houses and associated vehicular access and is offered freehold. Call for further details.

Description
Littleport is a small market town of about 8,000 people, located on the A10 between Ely and Downham Market. It is served by a railway giving access to Cambridge and London Kings Cross. It has a historic town centre, with a range of small local and independent shops, which serve the surrounding area. Other facilities include two primary schools, a library, medical centre, post office and a sports and leisure centre. 

Title
The site is registered under Title reference CB328904. (Land lying to the north East of 33 The Holmes, Littleport, CB6 1NH)

Tenure & Possession
The site is for sale Freehold and with vacant possession.

Planning
Full planning was granted by East Cambridgeshire District Council on 22nd December 2021 (Reference 21/00297/FUL), for the erection of 9 private dwellings with associated vehicular access. Full planning conditions and drawings can be found on the councils planning portal or obtained via Bovingdons Estate Agents.

Estimated GDV
Selling prices for the 9 completed houses have been estimated by Bovingdons Limited to give a Gross Development Value in the region of £3.335 million, based on the market conditions as at March 2024. A breakdown by individual plot can be provided upon request.

Method of sale
The site is for sale by Private Treaty.

OFFERS
Offers are invited for the freehold purchase of the site. All offers will need to be
confirmed in writing to the seller’s agent and include the following:

1 - Any proposed conditions attached to the offer. 
2 - Proof of funding.
3 - Timescales for the proposed submission of any planning conditions to be agreed, exchange and completion.
4 - Proof of ID for buyers whether private or company.
5 - Details of solicitors to be instructed on the purchase.

Restrictive Covenants
We are not aware at this time of any restrictive covenants on the site, but prospective buyers must confirm this for themselves via their legal representatives before committing to the purchase.

Services
All prospective buyers are to make their own enquiries as to the location and provision of services.

Wayleaves, Easements & Rights of Way.
The land is to be sold subject to all existing rights of way, public or private, light support, drainage, water and electricity supplies and allotted rights and obligations, easements, quasi-easements and all wayleaves ,whether referred to or not in these sales particulars. - Purchasers will be deemed to have full knowledge and satisfied themselves as to the provisions of such matters which may affect the property.

VAT
Should any sale of the land or any right attached to it become chargeable for VAT, then such tax will be the liability of the purchaser to settle in addition to the purchase price.

Viewings
Viewings - Whilst the site is visible from the roadside, all viewings are to be agreed via the seller’s sole agent.

Notes
The sellers have already undertaken substantial pre-development work which includes detailed designs, environmental work, site clearance, installation of piling for 7 units and ring beams for the remaining two units. Total expenditure to date is circa £250,000. Details of this work can be made available to buyer when required.
Local council is East Cambridgeshire District Council
County is Cambridge County Council

Arrange Viewing

Highfield Littleport Academy
(0.68 miles)
Number of pupils: 124
Age Range: 2 - 19
Littleport & East Cambs Academy
(0.68 miles)
Number of pupils: 462
Age Range: 11 - 16
Millfield Primary School
(0.83 miles)
Good
Number of pupils: 347
Age Range: 4 - 11
Littleport Community Primary School
(0.87 miles)
Good
Number of pupils: 421
Age Range: 5 - 11
Downham Feoffees Primary Academy
(3.4 miles)
Number of pupils: 161
Age Range: 4 - 11
Ely St Mary's CofE Junior School
(3.75 miles)
Good
Number of pupils: 367
Age Range: 7 - 11
Spring Meadow Infant School
(3.75 miles)
Requires Improvement
Number of pupils: 234
Age Range: 3 - 7
Isle of Ely Primary School
(3.75 miles)
Good
Number of pupils: 397
Age Range: 3 - 11
Lantern Community Primary School
(3.99 miles)
Number of pupils: 396
Age Range: 4 - 11
Ely College
(4.13 miles)
Good
Number of pupils: 1298
Age Range: 11 - 18

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£4,078 /mo.25 Years, 5% Interest
Loan
£697,500
Total Repay
£1,223,255

Stamp Duty

You’ll have to pay the stamp duty of:
£26,250
0% up to £250,000
5% between £250,000 and £925,000
Your effective stamp duty rate is 3.39%
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